Lake Mary FL Real Estate | Luxury Homes For Sale /

Waterstone Mortgage Company

“WaterStone Mortgage Corporation, a wholly owned subsidiary of WaterStone Bank, SSB (NASDAQ: WSBF) is one of the fastest growing lenders in the country.  Founded in 2000 we have grown to over 400 employees in 11 states, with closing volume of 1.1 billion in 2010.  Backed by the 1.7 billion in assets of WaterStone Bank, we are a direct seller to Fannie Mae and Freddie Mac, and are approved as a lender by the Federal Housing Administration, Veterans Administration, and the United States Department of Agriculture.”

Effective Monday April 4th we can finance FHA loans with a minimum FICO score of 600.  This is an in house product, not brokered out, so we control the processing and underwriting of the loan, with turn times of 2 days or less.  Our current minimum FICO is 640, so this is very big news.

For other types of financing, our minimum FICO scores are as follows:

• Conventional - 620
• VA - 620
• USDA - 620

Waterstone Mortgage is leading the Florida market in flexible lending products to help your buyers purchase a home.  In recent weeks we have announced a special condo financing program unique to Waterstone, allowing greater than 20% increases in value on FHA flips, 97% financing for conventional loans, and now we have reduced our minimum FHA FICO score. In addition to being a program leader, we have a 12 month prospect drip marketing campaign, a 33 touch in process communication system, and a 5 year co-branded post closing marketing system.  Our business is built to serve our Realtor partners and help them close more transactions!

Michael H. Smalley
Florida Regional Manager
Waterstone Mortgage Corp.
407-644-0870 - Office
http://www.waterstone-fl.com
http://www.mikesmalleymortgageblog.com

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